§ Mr. Ridleyasked the Chancellor of the Exchequer what is his estimate, on capital and current account, of the cost of the nationalisation proposals contained in the Transport Holding Bill, the Transport Bill, and the Industrial Expansion Bill, taken together, in the first year.
§ Mr. DiamondThe Transport Bill and Transport Holding Company Act contain no nationalisation measures. The latter will, however, facilitate the freely negotiated acquisition of those share holdings in the B.E.T. group of bus companies not already in public ownership at a cost of about £46 million. Under the Industrial Expansion Bill, £1.1 million will be spent in 1968–69 on the acquisition of Beagle Aircraft Limited.